Author: Richard Henry Timberlake
Publisher: Durell Foundation
ISBN: 9780962749803
Category : Banks and banking, Central
Languages : en
Pages : 78

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Book Description

Author: Craig K. Elwell
Publisher: DIANE Publishing
ISBN: 143798889X
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
The U.S. monetary system is based on paper money backed by the full faith and credit of the fed. gov't. The currency is neither valued in, backed by, nor officially convertible into gold or silver. Through much of its history, however, the U.S. was on a metallic standard of one sort or another. On occasion, there are calls to return to such a system. Such calls are usually accompanied by claims that gold or silver backing has provided considerable economic benefits in the past. This report reviews the history of the GS in the U.S. It clarifies the dates during which the GS was used, the type of GS in operation at the various times, and the statutory changes used to alter the GS and eventually end it. It is not a discussion of the merits of the GS. A print on demand oub.

Author: Isham Green Harris
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Gretchen Ritter
Publisher: Cambridge University Press
ISBN: 9780521653923
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
This is a book about the late-nineteenth-century money debates in American politics, and about the role of history in American political development.

Author: Richard H. Timberlake
Publisher: Cambridge University Press
ISBN: 1107032547
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
This book analyzes nine Supreme Court decisions that dealt primarily with money, monetary events, and monetary policy, from McCulloch v. Maryland in 1819 to the Gold Clause Cases in 1934-35. In doing so, it explains how both the gold standard and central bank work, how the former gave way to the latter, and how the Federal Reserve became unconstitutional.

Author: Ron Paul
Publisher: Cato Institute
ISBN: 0932790313
Category : Currency question
Languages : en
Pages : 322

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Book Description

Author: Mark Twain
Publisher:
ISBN:
Category : City and town life
Languages : en
Pages : 628

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Author: Sir Charles Morgan-Webb
Publisher: Hassell Street Press
ISBN: 9781014744333
Category :
Languages : en
Pages : 208

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Book Description
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Sebastian Edwards
Publisher: Princeton University Press
ISBN: 0691196044
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
The untold story of how FDR did the unthinkable to save the American economy.

Author: James Ledbetter
Publisher: Liveright Publishing
ISBN: 1631493965
Category : History
Languages : en
Pages : 205

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Book Description
One Nation Under Gold examines the countervailing forces that have long since divided America—whether gold should be a repository of hope, or a damaging delusion that has long since derailed the rational investor. Worshipped by Tea Party politicians but loathed by sane economists, gold has historically influenced American monetary policy and has exerted an often outsized influence on the national psyche for centuries. Now, acclaimed business writer James Ledbetter explores the tumultuous history and larger-than-life personalities—from George Washington to Richard Nixon—behind America’s volatile relationship to this hallowed metal and investigates what this enduring obsession reveals about the American identity. Exhaustively researched and expertly woven, One Nation Under Gold begins with the nation’s founding in the 1770s, when the new republic erupted with bitter debates over the implementation of paper currency in lieu of metal coins. Concerned that the colonies’ thirteen separate currencies would only lead to confusion and chaos, some Founding Fathers believed that a national currency would not only unify the fledgling nation but provide a perfect solution for a country that was believed to be lacking in natural silver and gold resources. Animating the "Wild West" economy of the nineteenth century with searing insights, Ledbetter brings to vivid life the actions of Whig president Andrew Jackson, one of gold’s most passionate advocates, whose vehement protest against a standardized national currency would precipitate the nation’s first feverish gold rush. Even after the establishment of a national paper currency, the virulent political divisions continued, reaching unprecedented heights at the Democratic National Convention in 1896, when presidential aspirant William Jennings Bryan delivered the legendary "Cross of Gold" speech that electrified an entire convention floor, stoking the fears of his agrarian supporters. While Bryan never amassed a wide-enough constituency to propel his cause into the White House, America’s stubborn attachment to gold persisted, wreaking so much havoc that FDR, in order to help rescue the moribund Depression economy, ordered a ban on private ownership of gold in 1933. In fact, so entrenched was the belief that gold should uphold the almighty dollar, it was not until 1973 that Richard Nixon ordered that the dollar be delinked from any relation to gold—completely overhauling international economic policy and cementing the dollar’s global significance. More intriguing is the fact that America’s exuberant fascination with gold has continued long after Nixon’s historic decree, as in the profusion of late-night television ads that appeal to goldbug speculators that proliferate even into the present. One Nation Under Gold reveals as much about American economic history as it does about the sectional divisions that continue to cleave our nation, ultimately becoming a unique history about economic irrationality and its influence on the American psyche.